S&P 500 has seen increased institutional selling: Sell Imbalance reaches -$879.6 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is unchanged. SPY stock last traded at $502.22. Large volume bursts in S&P 500 stocks reached 36.7 million shares worth a total of $6.1 billion in transactions. There was notable buy pressure in the Utilities and Financial sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.3 to 1 ratio. There were 114 stocks that had more buy pressure on balance, and 132 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$879.6 million in dollar volume trades. A larger portion of the trading volume matched up in the dark pool, with 51.5% of the large volume transactions being made off-exchange, while only 48.5% was traded on lit exchanges. To learn more about large volume trades, check out our help section.
Daily Chart: Large Volume Bursts Over Time
As you can see from the chart below, the most recent cumulative sell imbalance is -$879.6 million, however, the furthest sell imbalance for the day occurred at 12:45 PM, when the net sell dollar volume was -$1.1 billion. The highest cumulative buy imbalance occurred at 9:45 AM, when the net buy hit +$59.5 million. The largest spike in imbalance came between 10:45 AM and 11:00 AM when the sell pressure surpassed the buy pressure by a 5.3 to 1 ratio.
Flow by Sector
Technology experienced the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $752.0 million. 16 of the Technology stocks had positive dollar balance, versus 23 that were net negative.
Individual Stocks
F stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts outpaced buy volume by 2.6 million shares. As of this afternoon, the average trade price on sell volume was $12.06. Even though the sell pressure has been significant, the stock price has risen $0.01 on the day.
